African Development Bank

Claims on social media that Finance Minister Patrick Chinamasa’s son was arrested at Beitbridge Border Post while trying to smuggle out $7 million are false and meant to undermine the minister’s efforts in turning around the economy. Minister Chinamasa dismissed the allegations in a statement saying they were deceitful. “There have been rumours circulating in the social media about the alleged arrest of my son for allegedly trying to smuggle $7 million cash through…

MAPUTO. – Donor nations and institutions that contribute to Mozambique’s state budget have suspended their support over revelations of $1,4 billion in hidden debt, officials said on Wednesday. Portuguese President Marcelo Rebelo de Sousa, representing the donors, announced the move at a press conference in Maputo alongside Mozambican President Filipe Nyusi. De Sousa said it was a “temporary suspension” and not a “final judgement” on the direct contribution to the state budget, estimated at $265m…